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Aster DM Healthcare IPO is a book build issue of ₹980.14 crores. The issue is a combination of fresh issue of 3.82 crore shares aggregating to ₹725.00 crores and offer for sale of 1.34 crore shares aggregating to ₹255.14 crores.
Aster DM Healthcare IPO bidding started from Feb 12, 2018 and ended on Feb 15, 2018. The allotment for Aster DM Healthcare IPO was finalized on Feb 22, 2018. The shares got listed on BSE, NSE on Feb 26, 2018.
Aster DM Healthcare IPO price band is set at ₹190.00 per share . The lot size for an application is 78. The minimum amount of investment required by an retail is ₹14,040 (78 shares). The lot size investment for sNII is 14 lots (1,092 shares), amounting to ₹2,07,480, and for bNII, it is 68 lots (5,304 shares), amounting to ₹10,07,760.
Axis Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Aster DM Healthcare IPO RHP for detailed Information.
| IPO Date | February 12, 2018 to February 15, 2018 |
| Listing Date | February 26, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹180 to ₹190 per share |
| Issue Price Final | ₹190 per share |
| Lot Size | 78 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 5,15,86,145 shares (aggregating up to ₹980.14 Cr) |
| Fresh Issue | 3,81,57,894 shares (aggregating up to ₹725.00 Cr) |
| Offer for Sale | 1,34,28,251 shares of ₹10 (aggregating up to ₹255.14 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 46,70,69,451 shares |
| Share Holding Post Issue | 50,52,27,345 shares |
Aster DM Healthcare IPO offers total 5,15,86,145 shares. Out of which 2,57,93,072 (50.00%) allocated to QIB, 1,03,17,229 (20.00%) allocated to QIB, 77,37,922 (15.00%) allocated to NII, 1,80,55,151 (35.00%) allocated to RII and 1,54,75,843 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 2,57,93,072 (50.00%) | NA |
| − Anchor Investor Shares Offered | 1,54,75,843 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,03,17,229 (20.00%) | NA |
| NII (HNI) Shares Offered | 77,37,922 (15.00%) | NA |
| Retail Shares Offered | 1,80,55,151 (35.00%) | 2,31,476 |
| Total Shares Offered | 5,15,86,145 (100.00%) |
Aster DM Healthcare IPO opens on February 12, 2018, and closes on February 15, 2018.
| IPO Open Date | Mon, Feb 12, 2018 |
| IPO Close Date | Thu, Feb 15, 2018 |
| Tentative Allotment | Thu, Feb 22, 2018 |
| Initiation of Refunds | Thu, Feb 22, 2018 |
| Credit of Shares to Demat | Fri, Feb 23, 2018 |
| Tentative Listing Date | Mon, Feb 26, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Feb 15, 2018 |
Investors can bid for a minimum of 78 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 78 | ₹14,820 |
| Retail (Max) | 13 | 1,014 | ₹1,92,660 |
| S-HNI (Min) | 14 | 1,092 | ₹2,07,480 |
| S-HNI (Max) | 67 | 5,226 | ₹9,92,940 |
| B-HNI (Min) | 68 | 5,304 | ₹10,07,760 |
Incorporated in 1987, Aster DM Healthcare Ltd is Kochi, Kerala based healthcare service provider with operations in GCC states (United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait and Bahrain), India and the Philippines. Company’s Indian operations are headquartered in Kochi, Kerala.
Aster DM Healthcare operates in multiple segments of the healthcare industry including hospitals, clinics and retail pharmacies. Company operates hospitals and clinics, pharmacies, diagnostic centers, educational institutions, and healthcare management and healthcare support systems. Company provides healthcare services to patients across economic segments under brand names including "Aster", "Medcare" and "Access".
Aster's healthcare facilities consist of 9 hospitals, 90 clinics and 206 retail pharmacies in the GCC states, 10 multi-specialty hospitals and 7 clinics in India, and 1 clinic in the Philippines as of September 30, 2017. Aster's had 17,408 employees as of September 30, 2017, including 1,417 full time doctors, 5,797 nurses, 1,752 paramedics and 8,442 other employees (including pharmacists).
Aster's hospitals in India are located in Kochi, Kolhapur, Kozhikode, Kottakkal, Bengaluru, Vijayawada, Guntur, Wayanad and Hyderabad and are generally operated under the Aster, MIMS, Ramesh and Prime brands.
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 (Proforma) | ||||
| Total Assets | 68,072.77 | 57,557.82 | 44,120.27 | |||
| Total Revenue | 59,679.02 | 52,751.63 | 38,990.49 | |||
| Profit After Tax | 2,667.47 | 82.11 | 2,721.07 | |||
The Company Aster DM Healthcare IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment and/or pre-payment of debt | 564.16 |
| 2 | Purchase of medical equipment | 110.31 |
| 3 | General corporate purposes | 1.52 |
[Dilip Davda] As healthcare sector is poised for better prospects considering announcements in the recent finance budget, one may consider moderate investment for long term in this fully priced offer. Read detail review...
| Listing Date | February 26, 2018 |
| BSE Script Code | 540975 |
| NSE Symbol | ASTERDM |
| ISIN | INE914M01019 |
| Final Issue Price | ₹190 per share |
| BSE Listing Group | B |
Aster DM Healthcare Ltd.
IX/475L, Aster Medcity, Kuttisahib Road,
near Kothad Bridge, South Chittoor P.O.,
Cheranalloor , Kochi - 682 027, Ernakulam
Ernakulam, Kerala
Phone: + 91 484 6699 228
Email: investors@ aster dmhealthcare.com
Website: http://www.asterdmhealthcare.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: adhl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Lead Manager Reports
Aster DM Healthcare IPO is a main-board IPO of 5,15,86,145 equity shares of the face value of ₹10 aggregating up to ₹980.14 Crores. The issue is priced at ₹190 per share. The minimum order quantity is 78.
The IPO opens on February 12, 2018, and closes on February 15, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Aster DM Healthcare IPO using UPI as a payment gateway. Zerodha customers can apply in Aster DM Healthcare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aster DM Healthcare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aster DM Healthcare IPO opens on February 12, 2018 and closes on February 15, 2018.
Aster DM Healthcare IPO lot size is 78, and the minimum amount required for application is ₹14,820.
You can apply in Aster DM Healthcare IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Aster DM Healthcare IPO will be done on Thursday, February 22, 2018, and the allotted shares will be credited to your demat account by Friday, February 23, 2018. Check the Aster DM Healthcare IPO allotment status.
The Aster DM Healthcare IPO listing date is on Monday, February 26, 2018.
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